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FOX Business
Nov 7, 2012 1:00pm EST
percent. we are bracing for gridlock. president obama claims another four years. europe also in play. decision day with protesters taking to the streets on the new morning about the euro zone debt crisis. tracy: despite the ballooning deficit, president obama winning a decisive electoral victory. any chance things in washington will actually change now? or does it give the president a big old mandate? lori: a record 20 million people taking to twitter to speak out about the election. coming up, the most popular tweet of all time. the new york stock exchange and nicole petallides. broad-based selloff, most sectors in the red today, what are the traders saying? nicole: they're looking at the key levels, the s&p 500 below 1400, a very technical level that we have followed. traders say tha said that is nod sign. you think maybe this is a buying opportunity with the traders i have been talking to say it has further downside potential. sector after sector coming under pressure for the next four years. financials, energies and the likes. also a name making some headlines on their ow
FOX Business
Nov 6, 2012 1:00pm EST
point* of each other romney and holds 410 percent and obama at 48%. bill kristol joins us now. everyone takes a guess i think it will be a disaster because of the recount. >> i will take the opposite. i do not want a disaster. it will be very close and the states will be resolved if i have to bet to i think it is meant romney if anybody says they know what will happen is kidding themselves. >> what about ohio? with winner-take-all? >> this important and virginia the lines are very long. there will be at huge turnout if those are republicans who stayed away? obama of voters he successfully mobilize? that is a big question. looking at ohio you don't know that is a good predictor it is extremely close with the tiny edge two romney . gallup, of rassman singh, a battleground poll is dead even but try to adjust for likely voters but the more conventional hour four obama think republicans will do better than that. it is those close. piura. tracy: i do to. but wisconsin could do it any time. virgin yak by petition and there are trigger points. those independent voters could swing either way. >>
FOX Business
Nov 7, 2012 11:00am EST
, freeing ourselves from foreign oil. we have more work to do. dagen: that was president obama during his victory speech last night stressed the need for bipartisanship. connell: former managing director at bain capital and author of unintended consequences. a friend of mitt romney's, the polls were right, your friend lost last night in the market down 300 points today, what do you make of it all? >> the online betting predicted 75% probability of an obama win so that means that 25% of the remaining uncertainty left prior to the election. it is really four times bigger if you think about it in terms of what was priced in. dagen: do you think it is part of what was maybe not getting done on time for the fiscal cliff, they are pricing in may with a greater likelihood of a recession, which everybody says it is not just the presidents fault, it is the president and congress getting together to do something about the tax increases and spending cuts? >> they expect higher turning and higher taxes and slower growth. i think the market looks pretty far in advance and have priced in the probabilit
FOX Business
Nov 5, 2012 11:00am EST
%, but that obama above by 2%. the momentum is in mint romney's favor. the ground is in his favor. 93% of where we were in 2008. the momentum is clearly going in the governor's direction. i think these personal stops make a difference. dagen: you do not think that the fact of hurricane sandy moving in in the presidential election was not the focus of television news conference and you could not get away from advertisements. it was not above the fold on the front page of newspapers. how did that not hurt mr. romney? >> i think it slowed the momentum of the campaign. i do think that has picked back up. i think only history will see how sandy plays out. you do have the president acting like a president for a few days because that is his job. dow you have have some people resentful because they do not have the supplies they need. it discourages the vote if you have a lower turnout in those states, you have better results for governor romney. i am anxious to see how the story plays out historically. i think right now we still have romney ahead. i am very nervous about the potential if governor romney d
FOX Business
Nov 9, 2012 1:00pm EST
rally. 400 something points, enough of a deficit on the dow. melissa: president obama delivering his first remarks of the white house since his election. expected to focus on the fiscal cliff in the broader economy. those comments live in just a few minutes. lori: interesting. the remarks coming after they come off of the weakest decline in a year. the markets near session highs, but will the market like what they hear? melissa: plus, what will the next four years mean for the oil and gas industry? the ceo will join us coming up. but it is time for stocks as we do every 15 minutes let's head to the floor of the new york stock exchange. stocks are climbing higher after the two-day drop. sandra: they did not start out that way, there was fear we would have another dramatic selloff today. now we are somewhat up from about 61 points. that is not exactly a rally. bouncing back a little bit ahead of the weekend, but still the worst two-day drop in a year, 434 points loss over that wednesday and thursday. as we face a fiscal cliff, consumer sentiment one piece of economic data that came out
FOX Business
Nov 8, 2012 11:00am EST
moving? dagen: based on yesterday's sell-off, and obama victory was not quite priced into the market why not? what will the next four years be like if you are an investor? >> plus, gas lines continue in many parts of the east coast. more than 200,000 new power outages after second storm hits. dagen: top of the hour, stocks nine every 15 minutes. nicole petallides of the new york stock exchange. stocks mixed after the big sell-off yesterday. >> reporter: yesterday we got over 300 points. a loss of more than 2%. right now the major averages not too far off the unchanged line. i continue to hear about people not having power. we had our second storm. the blood still struggling. trying to trade and get that happening. you have a lot of people with no power and gas lines. someone i know just went for three hours, and on the third hour get turned away. you have people on the northeast coast still struggling. let's take a look at apple. when you look at apple, remember, the stock was over $700 in the middle of september. it had a 20 percent correction. still in the bear market territory. while
FOX Business
Nov 9, 2012 11:00am EST
from the far left. that is who obama is, he is on the far left. i don't think he will come to the center, there's nothing in his background or history or character to suggest a compromise or conciliation or moderation. connell: you go to who you really are, you don't have to cater to the group. at the same time you will be remembered for what you left behind, for the economy as it was. they won't remember the details, liberals don't remember bill clinton is moving to the center betraying them. these >>> we're doing with a dit one. he is not bill clinton, not a trying day later, he is an ideologue. connell: one example would be to let those tax cuts, could have dug into that. >> that was two years ago, republicans gained control of congress and he had reelection hanging over his head. four years ago he told the american people the transformation of the nation. we are not saying conservative is what he means by fundamental transportation is moving the united states away from free-market capitalism toward a government, european type of socialism. when you say why wouldn't he m
FOX Business
Nov 14, 2012 11:56am EST
you, sandra. yesterday was labor, today ceos. president obama meeting with them to talk about his plans. connell: 1.6 trillion is the number of the day. cheryl and dennis are coming up. they have a ceo who says the president is meeting with the wrong people. he says small business holds all the cards and he will make his case straight ahead. ♪ couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. >> announcer: you never know when, but thieves can steal your identitand turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you opeup a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and ty can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the mos
FOX Business
Nov 13, 2012 1:00pm EST
ball or just bore all? president obama kicking up a busy week of meetings for the fiscal collected a. union leaders tomorrow ceos leading up to the meeting with congressional leaders on friday. so many meetings. lori: of the talks fail could we go over the fiscal click? our guest thinks so. they will feel that the most. melissa: a major reshuffle of who is in our out. lou dobbs joins us ahead. lori: are markets reacting that of the fiscal cliff? we head to the floor of the stock exchange with nicole petallides with modest gains. nicole: a green arrow, for all those folks who have seen the market selling off with an exception. we were down over 2%. we lost some of the earlier gains and was up 1/2%. and we look at some names on the move with microsoft, stepping down, the leader over 23 years, and people are wondering why and weigh in on the nasdaq, dell little better. home depot numbered with good numbers. cisco back and forth with its earnings estimate. melissa: the energy sector mostly lower today in global economic worries that natural gas is bucking the trend up 4%. jeff flock have
FOX Business
Nov 19, 2012 1:00pm EST
: president obama congressional leaders came out of the meeting with positive comments. calling business leaders in hopes of drumming up additional support. rich edson with the latest on that. >> one potential this solution would be towed forward to next year to ensure congress acted, to feature benchmarks and penalties, those penalties would be automatic revenue increases and spending cuts. sounds a lot like those in the . a second sequester grabbing traction. while on air force one, president obama called a handful of ceos including warren buffett, tim cook and david diamond and others. the white house searching for support for the fiscal cliff position, tax rate increases to begin in january for families earning more than $250,000 per year. process leadinthe process leadid entitlement reform next year democrats want the rate hike at the first step. they call that nothing more than a political victory addressing the problem. >> the symbolism and gestures as opposed to really trying to craft a good policy. isn't that a waste of time? >> this is only part of the proposed solution to addr
FOX Business
Nov 15, 2012 11:00am EST
. if president obama wants all this government it has to be paid for and it can't be paid for by rich people. you can't increase taxes on everybody. dagen: you would let all of the bush era tax cuts expire? >> if we are going to spend all this money then yes. taxes are less damaging to the economy than the deficits that replace them but the real problem is spending. the reason taxes have to go up is the government is spending so much money so if your taxes go up in your upset then stop voting -- [talking over each other] dagen: so much spending is built in to our future. medicare for example is 13.5% of government spending as it is. are we destined for much higher taxes? forget high tax rates close to 40%, let's start talking about 60% because we are never going to cut the government spending because we have become addicted to it. >> we are going to pay the tax one way or another either legitimately or we are going to pay through inflation because they're not going to and the integrity to raise taxes, they will crank up the printing presses and take our purchasing power, not our money so prices w
FOX Business
Nov 8, 2012 1:00pm EST
. so much talk about the markets and obama victory and ben bernanke staying in place and another day of gains for gold, $10.20, $17.24, silver and copper high. we're back after this. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, ojumping into the marke hgoes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. melissa: oil prices recovering from a sell-off. let gets to the action, phil flynn of the price futures group standing by. weak gasoline demand and impact. phil: it sure is. it is strange, we're talking all this demand destruction, they are up in relationship to the helium oil market which a lot of this is concerned about ongoing refinery concerns. we saw a the 0 uptick in demand but the market is acting strange. yesterday traders were running around like chi
FOX Business
Nov 26, 2012 11:00am EST
. there is some republicans willing to raise taxes on the american people so obama can spend more of their money. they are kind of turning in last year's homework again. connell: what would you say to another republican who is watching. whether it is lindsey graham, peter king, john mccain, on and on, similar comment over the weekend. if another republican is watching that, what would you say to them if they areethinking about breaking this pledge? >> let's distinguish with what boehner have said. i certainly agree, if the economy grew at 4% instead of 2% for the next decade, the federal government would net an additional $5 trillion. you could pay all of obama's death down. connell: that is not what he is talking about. >> okay. i am sorry. what he said is what i said. what obama claims he said is a separate matter. boehner was very clear. obama said, oh, you have agreed to tax increases. the talks collapsed because obama misstated. connell: what you say to republicans who are thinking about breaking the pledge? >> look, most republicans have signed the pledge. even the ones who have not have m
FOX Business
Nov 13, 2012 11:00am EST
of defense. president obama may tap the vietnam vet to replace leon panetta, if he departs. this time he remains focused on his job in the senate. adolf hitler once called home, what to do with this home. suggesting it be made into a residence. the building is privately owned and being rented by the town's government. those are your headlines. time to get back to connell. connell: thank you for that. the president obama scheduled to get the first of many meetings started right now. you have the same cast of characters to go shooting the same issues. chris eyre -- joins us now. when you try to bet on it as market participants are trying to do, this time, what side do you take? >> well, good question. i think this time we go into the negotiations ii the president has, you know, a slightly different situation than he had before. he is reelected now so he does not have to face voters again in a year a half or so. also, the republicans are in a situation where they will be faced with tax increases at the end of the year. the expiration of all these tax cuts will go away. that will shift the l
FOX Business
Nov 26, 2012 1:00pm EST
of the financial crisis in january 2009 is the first major departure for president obama's team of financial regulators. the sec has taken a beating in recent years accused of lacked oversight. there was the bernie madoff ponzi scheme scandal. president obama announced walter will replace shapiro. appointed to the sec by george w. bush in 2008, has worked in the cftc. talks of the fiscal cliff trudging along, president obama and house speaker john boehner talking on the phone saturday. are we any closer to a deal? and it is a bird, it is a plane. nope. it is your social security number, it turns out more than just balloons in the sky at this year's macy's thanksgiving day parade. the crazy details of this one just ahead. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ male announcer ] they are a glowing example of what it m
FOX Business
Nov 29, 2012 1:00pm EST
the two sides still sounded miles apart after talking to president obama last night for 15 minutes and meeting with secretary geithner for more than half an hour. john boehner said the two sides have made no progress on a deal. he wants to see more spending cuts from the democrats, but the democrats punch back and said it is republicans who aren't making any serious offer on more tax revenues. >> so right now all eyes on the white house. the country does not need a victory lap, it needs leadership. tell the american people with spending cuts they are willing to make. >> if it happened, it will be under the leadership of the house. for a balanced agreement, we need republicans to come forward with something. >> speaker john boehner said this is a moment for adult leadership, a stab at the president there. melissa: my goodness. i understand mitt romney is coming to the white house for that lunch. i don't know, what is everybody expect to come from that? >> the president said the president wanted to talk to governor romney about ideas to make it more efficient. praising the management
FOX Business
Nov 1, 2012 1:00pm EDT
to the bay and they were flooded. nearly 20,000 flights have been canceled. president obama and mitt romney back in the campaign trail after taking a break from harsh attacks during a hurricane. at a campaign rally in virginia governor romney said mr. obama doesn't understand business. while the obama campaign accuses governor romney of lurching false attacks and false attacks. here's breaking news. penn state former president has been charged in the cherries and dusky molestation scandal. he's accused of charges. the school's president for 16 years is the third officially to be accused of crimes in an alleged cover-up. those are your news headlines this hour on the fox business network. back to melissa and lori. lori: thank you so much. breaking news in the aftermath of sandy. con edison said ma it may take until next saturday or sunday, a week from this weekend november 10 or 11th restoring power to some customers. those served by underground networks in midtown and lower manhattan who lost power during the storm will have their service back by this saturday. lori: that affects me. meliss
FOX Business
Nov 29, 2012 11:00am EST
president obama and john boehner spoke for 15 minutes last night. i just bumped into a senior leader among senate democrats and asked him how he felt about this news and he said -- he was more optimistic about these negotiations today. he thought perhaps this man the speaker and the president were exchanging proposals on avoiding the fiscal cliff, john boehner has a press conference at 11:30 after his meeting with tim geithner. connell: we will speak with -- see what the speaker has to say. with all this back and forth, a decent amount of speculation that a deal is starting to take shape. look at the reporting from politico and they put numbers to its save a framework looks like this. taxes for revenue would rise by $1.2 trillion. families making them to $50,000 would see higher taxes which we have been expecting and entitlement programs would be cut by $400 billion, most coming for medicare and, quote, end of war savings peter barnes and others reported many times as being dubious because they counted the previous budget you have another trillion plus in cuts. that according to politico i
FOX Business
Nov 23, 2012 11:00am EST
. dog dog fiscal cliff negotiations got more complicated. president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in missouri, pennsylvania, virginia, and elsewhere targeting members of congress to oppose any type of entitlement reform or changes. the group, in a statement says, elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. on the other side, conservatives say it's not a game changer because from unions, this is really nothing new. >> the fact they are publicly saying what they have been privately saying is helpful the american people understand where obama's intransigence co
FOX Business
Nov 12, 2012 1:00pm EST
in on president obama's plan that taxes go up on $250,000. the surprising word from a leading conservative commentator coming up. stephen moore joins us on his conversation with tough talking senate majority leader mitch connell. lori: this is kuwait. proving that is chump change. change that you find in the couch. it makes the golden globe. melissa: time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: we have gone over that unchanged lines throughout the day. the dow is moving higher as are both the nasdaq composite and s&p 500. do not forget last week we saw heavy selling 300-point down days. it was the worst week in a month. it showed some conviction to the selling after the election was complete. right at the top of the show, you talked about the fiscal cliff. there certainly is that feeling. we have seen selling of dividends, utilities and telecom throughout last week. you do see some arrows across the board without arrows. jefferies stepping in. by the rest of the investment bank. sharon williams making an acquisition for 2.3 billion. when you thin
FOX Business
Nov 16, 2012 11:00am EST
of the day. even though president obama win a big electoral victory, still a popular vote, still divided government will have to cooperate with each other to reach that kind of agreement. dagen: certainly reaching over to you, but answer that question about would you be comparable with something temporary that gets us to midyear? >> it comes the issue of sequestration, that is what we have to do. reduce spending and grow our economy. i would support something that did it in a way that doesn't cause the kind of damage, so if we could find something to reduce spending and give us the time we need to put together overall comprehensive tax reform, that could be something we could support. dagen: do you think they are inevitable for this country? >> i do not and they are inevitable. we need to grow the economy and put rubber on the table through a series of plans bringing down the taxes but also grow the economy and bring more revenue to the federal government for tax increases, the president's plan would increase taxes on millions of small businesses around the nation and heard as many as 70
FOX Business
Nov 15, 2012 1:00pm EST
like to me that just little old me, that he knows that president obama has all but singled, it will be chock lou who will replace tim geithner at the end of the year. it looks like bowles is out of the running. a little too conservative for this president, considering what the president has put on the table. not exactly the deficit plan. it is like massive tax increase. i think that is the emphasis of erskine bowles. that is not what this president wants to do. he is telling people he is out. he wants to be honest fiscal cliff negotiator. it looks like he will not get it. at least so far. lori: what do we know about jack lu? >> he worked in the clinton administration. i think he was the budget director under bill clinton. he spent a little time on wall street. melissa: someone important calling you for that civility and i thought maybe it was erskine bowles department. he worked at citigroup for a while. you look at who he surrounds himself with. it looks like jack lu has that position. tim geithner, as you know, we'll stay until january. if the president was willing to do,
FOX Business
Nov 14, 2012 1:00pm EST
will be coming up. lori: why is this all coming up after the election? and president obama meeting with ceos at the white house a little later on after the press conference. he is looking for $1.6 trillion in tax hikes. how will he sell this one to business leaders still ahead? stocks selling off, wonder if it has nothing to do with the president's upcoming remarks. higher taxes, nobody like that. especially in this crummy economy. starting off in the green. let's go to the full the new york stock exchange, cisco had been helping keep us green, but not so much now. nicole: the dow down three quarters of 1% packing up the losses we saw last week, getting any economic news. the stock market struggling overall, but still the geopolitical concerns. the president coming out to talk about taxes and such. still worried about the fiscal cliff to name a few. the nasdaq down half a percent actually slipped into correction territory off of the highs in september. and let's take a look bucking the trend, other names have been hit hard, for example. here's a look at cisco systems coming out with the quar
FOX Business
Nov 28, 2012 11:00am EST
a private lunch with president obama tomorrow. this'll be the first meeting for mr. romney and the president since the election. connell: all the mayhem over the power ball deal, we will hear why so many people may just be throwing their money away. dagen: the newest smart phone. is it flying off of store shelves? $100 with a contract. is it even worth that? walt mossberg is here to tell you yes or no. and they look at how the world currencies are faring against the dollar. copd makes it hard to breathe, but with advair, i'm breathing better. so n i can be in the ene. advair isclinicallyp siificantly improve lu function. unlike moscopd medicions, advair contains both an annflammatory and a long-actinbronchodilat woing together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudd symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before takin
FOX Business
Nov 12, 2012 11:00am EST
. what do you assume to do that? >> we assume we will get some compromise on taxes. obama getting reelected, we are likely to see a tax increase. we will let the tax cuts expire, they will reinstate them after the first of the year. they will technically be voting for a tax cut rather than a tax increase. maybe it is over 250, i am not as optimistic as i used to be. connell: we are all trying to put odds on what they will do. for someone who looks at these issues, especially the economic issues, give me a realistic suggestion as to what they should do. and something that could get done that would be a reasonable compromise to keep the economy and the best case. >> i agree with your previous guest. the best solution would be to reduce marginal tax rates and broaden the base. everything that is good in the economy happens at the margin. if you lower the marginal tax rate, you are lowering the barrier to increase economic act committee. if you raise about marginal tax rate, you still have a higher power. it is really that simple. that is how i look at it. there are other economists a
FOX Business
Nov 19, 2012 11:00am EST
low, but now they have an up arrow. connell: we will shift over to the debt crisis. president obama reached out and spoke to some. name ceos try to avoid going over the fiscal cliff. dagen: why is this a bad idea, monica crowley? this is what the president should be doing, should he not? >> if he didn't have a history of blowing off these ceos and their advice, and we would say, yes. every single time he has asked them to come in and talk, nothing comes of it. he doesn't listen to any of them dagen: maybe the fear is that we will go over the cliff. >> most of the ceos that you just put up on the screen, warren buffett, a huge supporter of his support tax hikes. the message he is getting is, yeah, go ahead and do what you want to do. connell: even when you listen to john boehner and others coming out, we are making progress. making progress means revenue is on the table. entitlement cuts, presumably, are on the table. >> it depends on what we mean by increased revenue. they have two courts declare principles that place here. number one, do not raise taxes. number two, cut spending. t
FOX Business
Nov 21, 2012 11:00am EST
that two thirds of americans are confident that president obama will make an effort to work with republicans in congress. we asked two governors on today. we had congressman rangel on earlier. we could not come up with a compromise in the five minutes that he was here. i suppose we will have some better luck with the two of you. on the republican side, give me a reasonable proposal on taxes. >> well, the republicans have to knowledge that revenue has to be part of the package. however, much they could make a case, it should not be here, it should not be here, it should not be here, the reaction if i were president would be okay, where should it be? we all know there has to be revenue. you come up with an idea as where it should be. that means if they cannot do it, the responsibility for the fiscal cliff falls on them and they do not want it. connell: he already set the top 2%, 250,000 above. at least we start there and move on their or no? >> i would look at the details of it. to the degree that impacts small businesses that are filing returns. i think you could finance back
FOX Business
Nov 28, 2012 1:00pm EST
without any spending concessio concessions, president obama to meet with business leaders on the fiscal cliff after speaking just last hour. we'll ask lou dobbs that he thinks ceos will help to make deals happen. >> now washington is looking at the one sacred mortgage deduction, maybe get rid of it to help heal the budget crisis. >> charlie gasparino on the future of the firm. time for stocks as we do every 15 minutes, before the new york stock exchange, nicole petallides on the floor. a deal is possible by christmas. >> hoping to get some positive comments from john boehner. he is optimistic. a nice little boost. from negative to positive to the session highs, no 50 points away from dow 13,000 once again. the dow once again up 73 points. you have a lot of winners. the banking index is still under some pressure, but retailers are really stealing the show. many are doing well for a variety of reasons. take a look at costco. the money they're paying out to shareholders ahead of the fiscal cliff wall to get the dividend ahead of the higher tax rate, so costco joins many come over 100 compa
FOX Business
Nov 1, 2012 11:00am EDT
before heading to the airport. president obama and mitt romney are back on the campaign trail. after three days focusing on the federal response to the storm, the president will attend rallies in wisconsin, nevada and colorado. i am jamie colby and i will send it back now to connell. connell: we will talk to the economy a little bit. specifically, jobs. we have key readings out today ahead of the big report tomorrow. it is up 140 on the dow and i believe they like this jobs report. i want to talk about adp. they had some issues with the way they put it together and they changed their methodology. does that affect the way we should look at it back i do not know. first of all, it is such a short data series. there is not a lot of history to it. i like it better that it is a private company based on their surveys. they look at tomorrow's employment data like it means something. it is so highly revised. last september at the original estimate came out about 100,000 jobs. the market got hit. it was not a good situation. now, if you look at the number after revisions, it is over 200,000 jo
FOX Business
Nov 2, 2012 11:00am EDT
, president obama saying we are moving in the right direction, mitt romney sang it is not quick enough. we will have full reports for you. dennis: and waiting for gasoline across the northeast as tempers flare, we are live at the pumps, plus we will talk to a suburban new york mayor who i has just ordered gas rationing. cheryl: and we will take you to the new york city. of staten island where residents are outraged while they have no electricity or food, the city is putting resources behind running this weekend's new york city marathon which is set to begin in the boroughs of staten island. top of the hour every 15 minutes, nicole petallides on the floor of the new york stock exchange. they are not liking today's jobs numbers, nicole. nicole: there is a lot going on on wall street. i was just talking to a trader that will be running a marathon, his suggestion was simply makes much money off it, they should donate some money back to the people suffering because of hurricane sandy. the major market averages, they have been selling off a little bit, dow jones industrials down 35 points, names
FOX Business
Nov 27, 2012 11:00am EST
a long time. president obama got beaten up pretty good in the debates. it looks to me that he will be more flexible. when push comes to shop, he will be more flexible. he wants to leave a legacy of the greatest president of all time. connell: steve moore making the case a moment ago that we will go over the cliff for a few weeks, a few months, whatever it may be. you make a bet that he does a deal before the end of the year because he is worried about his legacy. are you sure enough about it to bet on something in the markets? >> well, yeah. absolutely. i think he made it on the intraday low at 1343. i think that holds up at year end. i just got back from europe. everyone over there is bearish and underinvested. i think if the market does not fall apart right here, i think they will be forced to chase in the santa claus rally. connell: it is that time of year again. going over the cliff, however, you assign some probability to that. first, tell us about that. how will the market react to that? would that really happened or what the market kind of look down the road and say the
FOX Business
Nov 30, 2012 1:00pm EST
have to love that it is friday. i am melissa francis. lori: i am lori rothman. president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quart
FOX Business
Nov 16, 2012 1:00pm EST
. lori: bp is so fresh in everyone's memory still. president obama meeting with congressional leaders. it is all we are talking about these days. the fiscal cliff. rich edson joins us from the white house now. rich: they are not offering very many specifics this early on. we do have a ways to go. john boehner did offer framework. the framework would have tax and entitlement targets, revenue targets, spending targets, that this year in the next couple months. congress would work out the details in 2013. both leaders from both parties and both houses say it is time to get to work. >> we will continue to have revenue on the table. we are serious. we are serious about cutting spending and solving our fiscal problems. >> we will do it now. we feel very comfortable with each other. this is not something we will wait until the last day of december to get it done. rich: they met for a little longer than an hour here at the white house. much of the talk was positive. there really is not anything close to specifics right now coming from anyone in all of this. here he read and nancy pelosi reall
FOX Business
Nov 27, 2012 1:00pm EST
politicians take the fiscal clipper demint to the voters again. obama's heads to suburban philadelphia. white house officials will say he continues to make his case to keep them where they are earning less than two 1/5 thousand and those making more. after a week of meetings of ceo and business leaders but not any with congressional negotiators. >> instead of sitting down with lawmakers to work out agreement, he is back on the campaign trail with the same talking points. >> the president tries to dramatize what the president shows the 60% of voters agree the wealthy should pay more in taxes. >> and republicans are responding that house republicans will visit local small businesses to emphasize the threat to jobs posed by the small business tax hike. lori: the epa may impose new regulations on air quality and carbon emissions and now one of particular is trying to prevent them from going into effect and peter barnes has details. senator inhofe the most vocal critic of the epa, the heartland institute presented him with more than 16,000 petitions and that demand congress cohmad graner wrote age
FOX Business
Nov 30, 2012 11:00am EST
. for anyone who thought that barack obama may move to the middle in his second term or be willing to compromise, we now know that is not true. connell: that is out of the window, and your view. >> yes. connell: the democrats will argue, this is nonsense. >> this is who the president is. this is what he believes. my book is complete with every single time the president has proposed a type of policy. it has evolved the same exact elements we heard from geithner yesterday. higher taxes and more spending. no entitlement reform. connell: not as much of what you think should happen, i am more interested in what will happen. the ball is now in john boehner's court. what do you think is going to happen? >> over the last four years, the republicans have tried to negotiate in good faith. even two years ago, when the first debt ceiling came up, they said they would put revenues on the table and try to work with our caucus on that. what can we get in return and the president said, basically, nothing. i will not do serious spending cuts. i am not going to do entitlement reform. i am not giving
FOX Business
Nov 21, 2012 1:00pm EST
. president obama: israeli prime minister benjamin netanyahu earlier expressing his appreciation to seek a more advisable solution. especially in matters of weapons smuggling into gaza. i minister at yahoo express his appreciation for the support and assistance to the iran dome system. that is least for now, now i will take you back to melissa. melissa: thank you so much. it is expected to be a mad dash at stores all over tomorrow night. with some retailers open earlier than ever before. the tradition could be on its way out. our next guest says online shopping is lessen the significance of like friday deals. joining us is paypal shopping specialist. it does really feel like things have changed. i remember when i was a kid, if you wanted to get the best deal or if you wanted to get something, you had to go on friday, or the day after christmas depending if you are cheap. but now does not necessarily necessary anymore. are people going on thursday and friday diminishing? >> it is not necessary. it is really consumer preference. why leave your family, a lot of people feel like my life go t
FOX Business
Nov 20, 2012 11:00am EST
of weeks ago. >> obama does not occupy the high moral ground alone. what they should do, but will not, you want clinton type of tax rate that we had back in the 1990s, okay, give us that clinton type of error. in return, we want spending levels proportion to the economy. repeal obamacare. republicans should go on offense instead of just letting the democrats define the terms of debate. dagen: do you think that all of the tax rate should go up? >> no. no. dagen: just for the wealthy, you are talking about. >> i do not want any tax increases. critics will say: oh, you are just kicking the can down the road. fine, that will help save the economy. that things will happen. connell: just in terms of perspective, the economy and numbers we report every day, you could make an argument that things are getting a little bit better. the housing data is turning around. some people say time heals wounds. >> all the more reason not to hurt the economy. there are numerous new regulations coming under obamacare. that will hurt. you have numerous regulations coming from dodd-frank. that will hurt. put them
FOX Business
Nov 20, 2012 1:00pm EST
before. a bipartisan group of 18 senators thinks this is important, they are pushing president obama to get the keystone pipeline done. republican senator of north dakota is leading the group and he's going to join us with his latest moves on this coming up next. you can't afford to miss that. take a look at the 10 year and 30 year as we move out to break here. you can see the yield on the 10 year rising 3 basis points. we will be right back. >> i'm cheryl casone with your fox business brief. news corporation has acquired a 49% stake in yes network. news corp. can buy additional stakes in the network up to three years that could bring its ownership up to 80%. newscorp is the parent company of the fox business network. apartment building owner and developer plans to raise 3.45 billion dollars in initial public offering that would make it the biggest u.s. commercial real estate ipo ever. arch stone has been cited as one of the primary causes of lehman's collapse. the holidays are a source of financial strength that 45% of those surveyed by think finance say they'd rather skip it. the s
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